VMware just launched Cloud Foundry , which is a PaaS. Platform as a Service. According to the FAQ, there will be three offerings:
- CloudFoundry.com - a complete hosted PaaS environment.
- CloudFoundry.org - an open source cloud.
- CloundFoundry Micro - a downloadable instance to run on the desktop for developers.
[caption id=“attachment_95” align=“alignnone” width=“300” caption=“VMware Cloud Foundry - from cloudfoundry.com”] 
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The website didn’t contain a lot of details, but The Console, VMware’s Executive Blog breaks it down very well. I recommend reading it!
I’m excited to see what this will become!